Need For Speed? Tips To Reduce Your Insurance Rates After Receiving Speeding Tickets
The purchase of a vehicle is exciting, but the operation costs associated to owning a vehicle can become overwhelming. Since you will be using this vehicle to run errands and commute to work or school, you may find yourself rushing and driving over the speed limit, resulting in expensive tickets and legal fees. Considering certain speeding tickets can cause insurance premiums to increase 93 percent, learning how to reduce these costs is smart. If you currently have multiple speeding tickets on your record, using one or all of these tips can help reduce your automobile insurance rates.
Get Schooled
Visit your state's DMV, or Department of Motor Vehicles, to enroll in a defensive driving course. While the thought of going back to school may seem stressful, the classes educate you on safe driving and local laws. Defensive driving classes improve your overall driving skills, reducing your risk of accidents and traffic violations.
In addition, your insurance company may offer discounts on your premiums after completing these classes.
Of course, not every insurance provider offers discounts for drivers who complete these courses, so contact your local agent for advice on your specific case.
Go Shopping
If you own a sports car and have received numerous speeding tickets, you may want to sell or trade it for a more economical and safer vehicle. Owning one of these models will not only increase your desire to speed, but sports coupes and luxury automobiles are also more expensive to insure.
While surprising to hear, crossover SUVs were rated the most affordable to insure. With larger interior space, numerous safety features, and affordable replacement costs, it is easy to see why a crossover SUV is a conservative vehicle to insurance companies.
Cool it with Credit
Speeding tickets increase your insurance rates, but your credit score also plays a role. Unfortunately, a lower credit score may increase your rates even further. Since many insurance companies complete a credit check at the time of your policy renewal, use the following tips to improve your credit score:
- Pay Off – Pay down as much debt as possible. This will even out your debt-to-net ratio, which will improve your score tremendously.
- Pay Down – If you are unable to pay off your debts entirely at one time, be sure to pay them down. Minimum payments are required, but try to pay a little more than the minimum to reduce your total debt.
Driving is most likely an important part of your daily life, so having a good insurance policy is essential. Using these tips, you can decrease your auto insurance premiums after a few speeding tickets.
Share